The “Trump Pump” in Bitcoin is causing euphoria, but it’s not a time for celebration. These institutions entering the market are not there to help, but rather to make money and maintain control. This presents an existential crisis for Bitcoin, as consensus is dictated by economic actors using it. The question is whether to convince these actors or deviate by forking off a less valuable network.
These powerful actors won’t support protocol upgrades that improve Bitcoin’s scalability or privacy because they make money as middlemen. Bitcoiners should not get complacent and should continue to work towards spreading freedom.
